Norton Rose Reps Pacific Rubiales In $1.5B Energy Co. Buy

Law360, New York (September 30, 2013, 11:26 AM EDT) -- Pacific Rubiales Energy Corp. on Sunday struck a deal to acquire Petrominerales Ltd., a Toronto-listed oil and gas company with oil production in Colombia and Peru and exploration licenses in Brazil, in a deal valued at CA$1.58 billion ($1.54 billion), including the assumption of debt.

Petrominerales shareholders will receive CA$11 cash for each of their shares, for an equity value of CA$935 million. They will also get one share in a newly formed company, which will hold Petrominerales' exploration permit — covering about 120,000 net acres...
To view the full article, register now.